City and Borough of Juneau
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Assembly of the City and Borough of Juneau
ASSEMBLY AGENDA/MANAGER’S REPORT
I. FLAG SALUTE
II. ROLL CALL
III. CONSENT AGENDA
A. Resolution 2666
On October 30 & 31, 2013 CBJ is scheduled to sell, via the Alaska Municipal Bond Bank (AMBB), approximately $8.1 million in General Obligation ten-year school bonds. The issuance of the bonds was authorized by the Assembly in Ordinance 2013-24, adopted September 23, 2013. The final Assembly action, per CBJ Charter, related to these bonds is to “prescribe” (set/accept) by resolution the interest rates and annual principal maturity dollar amounts.
CBJ legal counsel, K&L Gates, has prepared Resolution 2666 to adopt the interest rates, via delegation to the City Manager, and set other final bond sale terms. Schedule A of the resolution list the years and amounts when the bonds will mature and sets the maximum interest rates authorized. The aggregate interest cost for the all bonds can not exceed 3%.
The Finance Committee reviewed the resolution at its October 16, 2013 meeting and unanimously recommended forwarding it to the full Assembly for formal action.
I recommend this resolution be adopted.
IV. STAFF REPORTS
V. ASSEMBLY AND PLANNING COMMISSION COMMENTS AND QUESTIONS
Note: Agenda packets are available for review online at www.juneau.org.
ADA accommodations available upon request: Please contact the Clerk’s office 72 hours prior to any meeting so arrangements can be made to have a sign language interpreter present or an audiotape containing the Assembly’s agenda made available. The Clerk’s office telephone number is 586-5278, TDD 586-5351, e-mail: email@example.com